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Pillowtex's former assets go up for sale
By Jeff Pines
Washington, March 2 - Pillowtex Corp.'s former assets now owned by GGST LLC are up for sale. GGST acquired the textile company's assets for $121 million.
GGST plans to sell the textile machinery to other textile firms. GGST is a joint venture of Gibbs International, SB Capital Group, Gordon Brothers Retail Partners, Tiger Capital Group and Crescent Financial LLC.
Auctions are scheduled to be held form March through July.
March 6 - Auction of art and other collectibles from former Pillowtex corporate office in Kannapolis, N.C.
March 10-11 - Sale of computer and IT equipment from Kannapolis, N.C. headquarters.
March 18 - Auction of manufacturing and warehouse facility and equipment in Toronto.
April 1 - Auction of manufacturing and warehouse facility and equipment in Chicago.
April 8 - Auction of vehicles and material-handling and shop equipment from Kannapolis facility.
April 22 - Auction of feather processing plant and equipment in Dallas.
April 29 - Auction of manufacturing plant and equipment in Concord, N.C.
May 6 - Auction of manufacturing plant and equipment in Phenix City, Ala.
May 13 - Auction of manufacturing and warehouse equipment facility in Eden, N.C.
May 27 - Auction of manufacturing and warehouse facility and equipment in Hanover, Pa.
June 1 - Auction of miscellaneous items at Kannapolis facility.
June 10 - Auction of manufacturing and warehouse facility and equipment in Tunica, Miss.
June 24-25 - Auction of manufacturing and warehouse facility and equipment in Fieldale, Va.
July 8 - Auction of warehouse and distribution center in Mauldin, S.C. and manufacturing facility and equipment in Union, S.C.
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